Honda’s set foot in the EV space with the launch of two electric scooters, the Activa e and the QC1. The two scooters serve different purposes and customer bases, while the two models are a big step away from what the ICE Activa is known for. Here are more details on the Active e and
Section 192A of the Income Tax Act mandates the deduction of TDS on withdrawals from the Employees’ Provident Fund (EPF). According to this provision, TDS must be deducted at the time of EPF withdrawal. This means that when you withdraw money from your EPF account, a certain percentage of the total amount is deducted as
SpiceJet on Thursday announced that aircraft lessor Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against the airline before the National Company Law Tribunal (NCLT), after reaching a $5.6 million settlement. This comes as a major relief for SpiceJet. The development follows a mutually agreed-upon settlement, marking a positive turn in the airline’s
KEC International, an infrastructure EPC major, under the RPG Group, announced that it has secured turnkey orders worth Rs 1,704 crore for its Transmission & Distribution (T&D) business. The order is for design, supply and installation of 765 kV transmission lines and GIS substations from Power Grid Corporation of India Limited (PGCIL). Vimal Kejriwal, MD
Petrol, Diesel Price Today 28 November 2024: Oil prices dipped marginally in Asian markets on Thursday, indicating concerns related to demand in the United States following a surge in gasoline inventories. Brent crude futures went down by 4 cents to $72.79 per barrel whereas US West Texas Intermediate (WTI) crude dropped by 1 cent to
Housing & Urban Development Corporation’s (HUDCO) shares have jumped as much as 9% to an intra-day high of Rs 240.58 after it signed an MoU with NBCC worth Rs 600 crore. While the shares of NBCC rose 5% to Rs 100.50, intra-day. “HUDCO signed a Memorandum of Understanding (MoU) with NBCC (India) Limited, on 27th
Shares of Mumbai-based real estate developer Godrej Properties saw a notable gain of over 2%, reaching an intra-day high of Rs 2,903 on the NSE, following the company’s announcement of a Qualified Institutional Placement (QIP) to raise up to Rs 6,000 crore. This marks the company’s strategic move to sell up to 5.5% of its
Will senior citizens get some relief in income tax in the Union Budget next year? As the Budget 2025-26 approaches, questions about potential tax relief measures for senior citizens are in focus. Recently, a parliamentarian raised a query in the Lok Sabha about potential relief in tax for senior citizens going ahead. Eatala Rajender, a
The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has recommended a 12% provisional safeguard duty on some steel products to protect the local industry from below-cost imports. A final decision will be taken by the finance ministry. In a notification, the DGTR said critical circumstances exist wherein any delay in application for
Tata Consulting Engineers, the country’s largest private sector engineering and project consultancy firm, is growing at a robust 24-25% y-o-y, focusing on sectors like energy, transportation and others. Amit Sharma, MD and CEO, talks to Raghavendra Kamath about the future of nuclear energy and the company’s growth strategy. Edited excerpts: After the government push for private
Market participants keenly watch brokerage upgrades or downgrades, which often signal changing market dynamics. Stocks are also quick to react to brokers’ reports, and if the report is optimistic, it acts as a booster shot for the company. As such, two PSU stocks, Rural Electrification Corporation (REC) and Power Finance Corporation (PFC), have been upgraded
The Nifty50 index has shown encouraging signs of reversal this week. Starting with an Open=Low of 22,353, the index is now marching toward 23,000, bringing renewed optimism to Dalal Street. The positive movement has set the tone for traders, and the growing momentum suggests a potential shift in market sentiment. This upbeat movement comes amidst
Following a surge in demand for gold loans, Muthoot Finance has raised its assets under management (AUM) growth guidance for the fiscal to 40%, from 25-30% earlier. Last week, the country’s largest gold loan lender said its gold loan AUM had crossed Rs 1 lakh crore. As of the December quarter, gold loan AUM stood
